Household debt higher
The NY Fed is reporting that US household debt rose in the 4Q.
- Total household debt was 13.15 trillion
- Versus 4Q 2016, the total debt was $402 billion higher
- Mortgage delinquency rate improved to 1.27% from 1.38% in the prior quarter
- student loan democracy rate decreased to 10.96% from 11.17%
- number of household loans increased to 674.62 million
- number of credit cards rose to 468.76 million from 465.97 million
- new foreclosures fell to 69,161 individuals
- new bankruptcies fell to 200,400 from 208,440 in the prior quarter
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